5 Best Payment Gateways in India by 2024 www.deekpay.com

The Indian e-commerce market generated revenues of over $63 billion in 2023 and is expected to exceed $107 billion by 2027.

What is a payment gateway?

Payment Gatewayis a platform that collects, verifies and encrypts customer payment information. Once secured, it sends these details toPayment Processorand merchant accounts to complete transactions.

However, if there is any discrepancy, the client will retain the funds. Both parties are notified of the outcome of the transaction in a timely manner to ensure the safety of funds when they change hands.

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Paytm

Paytm is India's top payment app, used by over 300 million Indians for everyday purchases such as shopping, paying bills, recharging their mobile phones, sending money to friends and family, and even booking movie and travel tickets.

The company has expanded its offerings to support businesses through its 'Paytm for Business' platform, which includes an online payment centre, the 'Paytm for Business' platform.

Payments, business software solutions, and access to business loans, among other services.

Over 20 million businesses use Paytm to accept digital payments. It powers some of India's biggest brands like IRCTC, Uber, Flipkart, Zomato and more.

Paytm Key Features 100% completed on the line. Accepts online payments. Accepts international payments in major currencies, including US Dollars, Euros, Roubles, Indian Rupees, Pounds Sterling, Japanese Yen. Payment link function. Accept subscription payments. Real-time analytics and customisable reports. Multi-language interface with 10 additional local Indian languages. Integration with popular e-commerce platforms and business tools such as Shopify, WooCommerce, Magento, Opencart, Zoho and more. APIs and SDKs. PCI DSS Compliance. Paytm Accepted Payment Methods

Paytm offers more than 100 payment options, including the preferred payment method for Indians, which:

Digital Wallet - Paytm. UPI. Debit and Credit Cards - Visa, Mastercard®, Maestro, American Express, Diners, RuPay and more. Internet Banking. EMI.

Apart from this Paytm can also support other payment methods on request.

Razorpay

Razorpay is another popular payment processing platform based in Bangalore.

While its primary service is a payment gateway, it also offers a variety of business-oriented products, including developer-friendly APIs, simple integration solutions, payroll, commercial banking, and more.

To date, Razorpay has served 5 million businesses.

Razorpay Key Features Support for 92 currencies. Accepts online payments. Accepts subscription payments. Payment link, payment page and payment button functionality. Easy integration with checkout. Fully online onboarding. Dashboards with key statistics and real-time insights. Create and run promotional offers to increase conversions. One-click eCommerce plugin for Shopify, WooCommerce, Magento, PrestaShop and other major platforms. Checkout page interface supports 7 other regional languages. Application programming interface. 24/7 support. PCI DSS compliance. Payment methods accepted by Razorpay

Razorpay offers more than 100 payment options, including India's preferred payment method:

Digital Wallets - PhonePe, PayPal, Amazon Pay, PayZapp, MobiKwik, FreeCharge and more. UPI - PhonePe, Paytm, Google Pay, Amazon Pay and more. Credit and Debit Cards - Visa, Mastercard®, RuPay, Maestro, American Express, Diners Club. Internet Banking - ICICI, Kotak, Axis, etc. EMI. Buy now, pay later.

Cashfree Payments

Cashfree Payments is India's integrated payment platform that enables users to make and receive payments in India and abroad. It supports multiple payment methods and offers instant settlement, recurring payments, and verification services,Cross-border paymentsand other additional features.

Cashfree Payments Key Features 120+ Payment Options. Cross-platform online payment collection. Support recurring payments. Support payment links. Payment on demand. Instant refund feature. "Autocollect" feature with virtual payment address and automatic reconciliation, designed for multi-branch enterprises. Supports plugins for Shopify, WooCommerce, Magento, PrestaShop, OpenCart, WordPress and more. Highly customisable API. PCI DSS compliance. Payment Methods Accepted by Cashfree Payments

Cashfree Payments offers more than 120 payment options, including.

Digital Wallets - Paytm, PhonePe, PayPal, Amazon Pay, etc. UPI. Credit and debit cards. Internet banking. EMI. Buy now, pay later.

PayU

PayU provides digital payment solutions to Indian businesses, with over 500,000 merchants trusting its services.

Outside of India, PayU operates under the extended PayU Global brand and acts as a payment gateway and processor for online transactions. In some markets, it also acts as an acquiring bank.

PayU Key Features Web Checkout and App Checkout. Multi-language checkout. Support for recurring payments. Support for international payments. Native OTP one-click checkout experience. Send invoices with payment links. Instant refunds. Plugins compatible with leading ecommerce platforms and business software including Shopify, BigCommerce, Opencart, Wix, Zoho and more. APIs and lightweight SDKs. PCI DSS compliance. PayU Accepted Payment Methods

PayU India accepts more than 150 payment methods, including:

Digital Wallets - Paytm etc. Credit and Debit Cards - Visa, Mastercard®, RuPay, American Express and more. UPI. Online banking. EMI. Buy now, pay later.

Instamojo

While Instamojo is primarily considered an e-commerce website builder, it actually offers online payment solutions in addition to its online shop platform. This includes smart pages, payment links, payments and payment gateways.

The Payment Gateway product emphasises simplicity, flexibility and security tailored for e-commerce. It is trusted by over 20,00,000 Indian businesses.

Instamojo Payment Key Features Embedded Payment Button Checkout page 3 Working Days Settlement Easy integration with WooCommerce, Magento, etc. PCI DSS Compliance Instamojo Payment Accepted Payment Methods

Instamojo offers more than 100 online payment options. These include the following:

Digital wallets - Mobikwik, Freecharge, OlaMoney and JioMoney. Credit and Debit Cards - All major brands. UPI. Online banking.

Atpay - we are a professional provider of payment solutions and have been deeply involved for many years inIndia PaymentsWe have successfully provided payment functions for countless customers at home and abroad. We are fully confident in payment integration and high-risk payment processing, and welcome inquiries and exchanges.